LEHIGH
VALLEY, Pa., March 8,
2022 /PRNewswire/ -- Air Products (NYSE:APD), a world
leader in the supply, distribution, and dispensing of
hydrogen, today announced that it will build, own and operate
a 10 metric ton per day facility to produce green liquid hydrogen
in Casa Grande, Arizona. The
zero-carbon liquid hydrogen facility is expected to be on-stream in
2023 and its product will be sold to the hydrogen for mobility
market in California and other
locations requiring zero-carbon hydrogen.
The facility will use two thyssenkrupp nucera electrolyzers to
produce gaseous hydrogen, which will be converted to liquid
hydrogen using Air Products' proprietary technology. The site will
also include a terminal for distributing product to customer
locations throughout California
and other markets.
Air Products' production process eliminates carbon by powering
the entire facility with zero-carbon renewable power. The facility
will include advanced compression technology supplied through the
Baker Hughes strategic alliance to feed the liquefier. This
compression technology is also being used for Air Products'
previously announced world-scale carbon-free hydrogen NEOM project
located in Saudi Arabia, and the
recently announced net-zero hydrogen production complex in
Alberta, Canada.
Through several regulations California has taken steps to aggressively
decarbonize its transportation sector, the largest emissions sector
in its economy, through conversion to zero emission vehicles. The
state has also set a goal that all drayage trucks be zero emissions
by 2035 and heavy duty vehicles convert to zero emissions vehicles
by 2045. Hydrogen is an essential part of decarbonizing the
transportation sector. Hydrogen fuel cells are gaining momentum as
the technology of choice compared to batteries in heavy-duty
applications due to faster refuel times, longer range, and larger
payloads, while also performing better in extreme climate
conditions. Hydrogen as a transportation fuel most closely mirrors
the traditional transportation fueling experience.
"We're excited to bring this new source of green hydrogen to the
California market and recognize
the vision of decarbonizing the transportation sector. California is a global leader in the energy
transition and as a global leader in hydrogen and hydrogen for
mobility, Air Products is proud to contribute to solving a
significant energy and environmental challenge. The Arizona project is another link in the
hydrogen supply chain to ensure reliable supply of decarbonized
fuel to customers. Air Products is continuing to pursue other
opportunities to produce low and zero-carbon hydrogen to help meet
the growing demand in world leading geographies," said Eric Guter, Air Products' Vice President,
Hydrogen for Mobility.
As the world's largest hydrogen producer, Air Products has
experience across the full value chain for hydrogen and is driving
sustainable growth by building, owning and operating the world's
largest production, gasification, carbon capture, transportation
and fueling projects. The company's technologies are used in over
1.5 million refuelings annually across 20 countries. With over 60
years of global hydrogen experience operating in over 50 countries,
Air Products has the proven capability and know-how to make
hydrogen through all available production methods and to distribute
this increasingly important emission-free fuel safely, reliably,
and economically.
About Air Products
Air Products (NYSE:APD) is a world-leading industrial gases
company in operation for over 80 years. Focused on serving energy,
environment and emerging markets, the Company provides essential
industrial gases, related equipment and applications expertise to
customers in dozens of industries, including refining, chemical,
metals, electronics, manufacturing, and food and beverage. Air
Products is also the global leader in the supply of liquefied
natural gas process technology and equipment. The Company develops,
engineers, builds, owns and operates some of the world's largest
industrial gas projects, including: gasification projects that
sustainably convert abundant natural resources into syngas for the
production of high-value power, fuels and chemicals; carbon capture
projects; and world-scale low- and zero-carbon hydrogen projects
supporting global transportation and the energy transition.
The Company had fiscal 2021 sales of $10.3 billion from operations in over 50
countries and has a current market capitalization of over
$50 billion. More than 20,000
passionate, talented and committed employees from diverse
backgrounds are driven by Air Products' higher purpose to create
innovative solutions that benefit the environment, enhance
sustainability and address the challenges facing customers,
communities, and the world. For more information, visit
www.airproducts.com or follow us on LinkedIn, Twitter,
Facebook or Instagram.
Cautionary Note Regarding Forward-Looking Statements: This
release contains "forward-looking statements" within the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements are based on management's
expectations and assumptions as of the date of this release and are
not guarantees of future performance. While forward-looking
statements are made in good faith and based on assumptions,
expectations and projections that management believes are
reasonable based on currently available information, actual
performance and financial results may differ materially from
projections and estimates expressed in the forward-looking
statements because of many factors, including risk factors
described in our Annual Report on Form 10-K for the fiscal year
ended September 30, 2021.
Except as required by law, we disclaim any obligation or
undertaking to update or revise any forward-looking statements
contained herein to reflect any change in the assumptions, beliefs
or expectations or any change in events, conditions or
circumstances upon which any such forward-looking statements are
based.
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SOURCE Air Products